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Nathan took a $61,000 loan at 2.26% compounded monthly and decided to make end of month payments of $1,892. 1) How many payments will Nathan
Nathan took a $61,000 loan at 2.26% compounded monthly and decided to make end of month payments of $1,892. 1) How many payments will Nathan have to make to amortize this loan? (rounded to the next higher whole number) 2) What will the size of his final payment be? $ (enter a positive value)
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